Category Archives: The IPO Buzz

Cleantech SPAC Nabors Energy Transition Corp. II (NETDU) raised $300 million on Thursday night (July 13, 2023) by pricing its SPAC IPO in sync with the terms in the prospectus: 30.0 million units at $10.00 each. Each unit consists of one Class A ordinary share and one-half warrant.  Citigroup and Wells Fargo Securities were the […]

Liver disease and cancer biotech Sagimet Biosciences (SGMT) shares slipped 50 cents to open at $15.50 – down 3.13 percent from its $16.00 IPO price – in its opening trade at 12:29 p.m. EDT today – Friday, July 14, 2023 – on the NASDAQ. Volume was 314,948 shares, NASDAQ records showed. The stock recovered to trade […]

Apogee Therapeutics (APGE) shares jumped $4.50 to open at $21.50 in their NASDAQ debut today – Friday, July 14, 2023. The clinical biotech’s stock was up 26.5 percent at its opening trade at 10:47 a.m. EDT today on volume of 474,312 shares, according to NASDAQ. Apogee Therapeutics upsized its IPO by 13 percent to 17.65 million […]

Two biotech IPOs are set for pricing tonight. Apogee Therapeutics (APGE proposed) and Sagimet Biosciences (SGMT proposed) are on the marquee to price Thursday night (July 13, 2023). The two deals would raise a combined $325.1 million, if priced at the mid-point of their ranges. Together, they make the biotech sector’s first sizable showing on […]

ODDITY Tech (ODD proposed), the Israeli beauty brand and consumer tech platform, disclosed terms early today (Monday, July 10, 2023) for its IPO and set a pricing date for next week. (Please see the IPO Calendar for details.) The company, known for its IL MAKIAGE makeup brand, said its IPO will consist of 10.53 million shares (10,526,314 […]

It’s biotech Monday. Sagimet Biosciences (SGMT proposed) and Apogee Therapeutics (APGE proposed) set terms for their IPOs early today (Monday, July 10, 2023) and landed on the IPO Calendar for pricing this week. (Editor’s Note: This column, published early today, has been updated with pricing dates.) Sagimet Biosciences (SGT proposed) plans to offer 4.69 million shares […]

Prestige Wealth, Inc. (PWM) priced its micro-cap IPO at $5.00 – the low end of its $5.00-to-$6.00 range – and raised $5 million, the Hong Kong-based company said in an announcement dated today (Thursday, July 6, 2023). The company priced 1.0 million shares, the same number in the prospectus. The stock dipped in its NASDAQ debut, […]

The Fourth of July holiday week is traditionally quiet in the IPO market – and this year is no exception. Only two micro-cap IPOs are scheduled for pricing this week so far. Both deals are listed on a fluid “week of July 3, 2023” basis. The staff of IPOScoop is in holiday mode until Wednesday, […]

Intensity Therapeutics (INTS), a cancer biotech’s small-cap IPO, and Vesta Real Estate Corp. (VTMX), a Mexican industrial real estate company’s ADS offering, scored solid gains on Friday, June 30, 2023. Intensity Therapeutics’ stock jumped 19 percent to open at $5.95, up 95 cents from its $5.00 IPO price, on the NASDAQ. At the closing bell, […]

Fidelis Insurance Holdings Ltd. (FIHL), the Bermuda-based specialty insurance and reinsurance company, priced its downsized IPO at $14.00 – $2.00 below the bottom of its $16.00-to-$19.00 price range – on Wednesday night (June 28, 2023). The IPO’s size was cut to 15.0 million shares – down from 17.0 million shares in the prospectus. The downsized […]